Paulsen pushes small-businesses legislation

WASHINGTON — Rep. Erik Paulsen and Republican colleagues are highlighting legislation that they say will help small businesses and create jobs. 

“Small businesses are integral to the success of our economy,” said Rep Paulsen in a statement Tuesday. “At a time when unemployment is over 9 percent nationally, giving our job providers the tools they need to grow jobs is critical.

Paulsen has endorsed a package of legislation targeted at small businesses that was proposed by members of the Tuesday Group, a relatively centrist caucus of House Republicans he is a membert of.

The legislation proposes measures that supporters say would help ease financial burdens for start-up small businesses. The bill would increase the start-up deduction from $5,000 to $20,000 in an attempt to help get more people creating small businesses.

It also includes a provision that aims to reduce regulatory paperwork by putting more forms online and having the federal government to commit to regulations that won’t require more than 200 hours to meet. 

The group criticized the Obama administration’s economic agenda, saying it has created more obstacles for small businesses.

“We are all here today for one reason: because the majority party in Washington has done little to help job creation,” said Rep. Leonard Lance of New Jersey. “The fact is the policies passed during this Congress are hurting small businesses.”

Lauren Knobbe is an intern in MinnPost’s D.C. Bureau.

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Comments (4)

  1. Submitted by Bernice Vetsch on 07/28/2010 - 03:33 pm.

    The head of a national organization of small business owners said on C-Span this morning that millions upon millions of Small Business Administration dollars meant to assist small businesses go instead to large corporations, some of which are foreign and have tens of thousands of employees.

    I hope Mr. Paulsen and his group are aware of this.

  2. Submitted by Joseph Skar on 07/28/2010 - 05:57 pm.

    I hope this will make or save some actual jobs. Maybe we should just flush another 800b into Stimulus II? Job creation seems like something one of our Senators should pick up on, but then again it could create a de minimis increase in the use of lead paint.

  3. Submitted by Diana Raabe on 07/30/2010 - 10:34 am.

    “The bill would increase the start-up deduction from $5,000 to $20,000 in an attempt to help get more people creating small businesses.”

    This could be very helpful for Mom and Pop. Then again, it could be used as just another tax break for those corporations that are healthy enough to “start” new offshoots of their currently successful conglomerates.

    How difficult is it for Mom and Pop to get a loan to start up shop? Without regulations that encourage (or force) banks to lend money, what good does the tax break do?

    Where is the accountability that should go along with legislation of this type?

  4. Submitted by Dennis Tester on 08/04/2010 - 07:43 am.

    @Diana: The loan idea is what the democrats are pushing and is a solution in search of a problem.

    According to the June report from the NFIB (National Federation of Independent Business) “A net 13 percent reported loans harder to get than in their last attempt, unchanged from May. Overall, 90 percent of the owners reported all their credit needs met (or they did not want to borrow).”

    They don’t want or need loans, they want a government that is business-friendly and until they get one they’re going to sit on the sidelines.

    Forcing banks to give loans to people who don’t want them is the democrat solution. Less taxation, regulation and litigation is the republican solution.

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